Investors are now accelerating buying of domestic demand-linked shares such as property developers and retailers on growing expectations that the Japanese economy is on track to overcome deflation.

It's hard to predict a support level with downward momentum so strong, but it could be as low as 16,000 for the mid-term. At this point, I'm not quite sure if a rebound on the Nasdaq could help Tokyo stocks recover.

As consumers are clearly changing their spending attitude, the retail sector may continue to benefit.

We got a taste of good news after days of gloom and the market went with it.

No one knows what the market will look like next year and a profit warning from Intel does not bode well.

The fact that Softbank drew active buying even after it entered ex-dividend shows strong interest for equity investment by retail investors.

Unless the US stock market enters a serious downtrend for some reason, the domestic stock market should continue its bull run going forward.